Webstar Technology Group Inc. (WBSR)

[CoalMinersGlove]

https://www.otcmarkets.com/filing/html?id=17642804&guid=r-O-kWYbd75eJth

[CoalMinersGlove]

Certainly an interesting development, and one I did not see coming. Just going to assume this is all good news.

Looks like this new resort is hooked up with Wyndham Hotels..

[surfguy]

June has been an interesting month of developments for Webstar Shareholders. We became shareholders of a new private company, EOC ,which is in developing software for electrical current maximization and taken over by new Management in the real estate development business.

[CoalMinersGlove]

https://www.otcmarkets.com/stock/WBSR/news/Webstar-Technology-Group-Inc-WBSR-Announces-New-Group-Replaces-Management--Prior-Business-in-Return-for-Seasoned-Real-Es?id=444927

[iwondertoo]

reverse split....i.e: you get 1 share for every 100(pick a number) you hold. It is a common theme in otc stocks to reverse split the shares then sell more

[CoalMinersGlove]

Thanks for the link. (rs'd?)

Lol, I believe that there will be. No mention of anything on the Webstar website

[iwondertoo]

https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=214028153069176068234253209228070094098176253010

Looks like it's brand new, so we can only make assumptions, at this point. I'm not sure that we can do anything about it, either way. Except hope that whoever is handling it is more concerned with shareholders than most OTC company officers are. So far, we haven't been rs'd into oblivion, so there seems to be a legitimate hope that is the case. I guess our other hope could be that there will be good news in our lifetime. LOL

[CoalMinersGlove]

I cannot find any information on ECO. I have some questions though based on the latest information.
Will this partnership make our WBSR shares more valuable?
Will WBSR begin actual trading soon? ( or Up list to a bigger market)
Is there an actual product, service, or software, etc that will be released soon?

[CoalMinersGlove]

Agreed. Time to get this thing off the ground

[iwondertoo]

Well, someone thought so. We still need information, and a running business.

[CoalMinersGlove]

Does this announcement make WBSR stock more valuable? It'd be nice to get this stock to point where we can start seeing a return.

[Aimless Blade]

Odd that there was more volume in the day or two before the announcement of the dividend, then on the last day to acquire shares for the dividend…

[surfguy]

Let me clarify about what I said about shares available between today and tomorrow. There are shares available to purchase but due to the announcement about ECO it's probably be hard to get cheap shares in any substantial quantity.

[surfguy]

James Owens had posted about it on Linkedin. But that was a year or two back. Unfortunately for any new investors wanting to buy Webstar shares today and tomorrow, they are not going to get much because of the trading restrictions that were put in place by the tier 1 brokerage firms.

[CoalMinersGlove]

I suspect there will be a ton of movement with June 21st being tomorrow. I should think investors would want to get in on that 1 to 1 no?

Wasn't there a post or article from James Owens about this electrical compression a few years ago? I seem to remember reading about it or something similar

[surfguy]

After reading the PR it sounds to me that Webstar wants to manage and run the Electrical Compression it's developing under a separate entity with current Webstar shareholders as it's shareholder base. Doesn't say that Webstar is dissolved. If ECO can actually achieve the Goals than it would be Big. And I assume ECO shareholders would potentially benefit significantly from licensing deals. Keeping my fingers crossed.

[w6w9t8015]

No broker where I am would accept a transfer of my wbsr shares out of v stock, so still stuck

[Aimless Blade]

Wow

[CoalMinersGlove]

I suppose the waiting game continues then. And thanks.. I did some looking and couldn't find any info on ECO.

[iwondertoo]

I am not sure why WBSR would have bothered to keep filings of no income and increased debt current, simply to go private. Seems like there would have been a cheaper way, and why go public in the first place? Seems like a lot of trouble and expense for nothing. Even selling the public entity would be worth something, companies pay quite a bit for a public ticker...

I guess we continue to wait out the birthing process, not sure how many of those common shares can be in a brokerage to sell, anyway. LOL

[SoccerFan1]

According to the Wyoming filings, there are 400,000,000 authorized commons shares in the new company vs. 200,000,000 commons shares for Webstar, so everyone is getting diluted by 50 percent (assuming all shares are issued in the new company). The company was formed last month. There is no price and no market for the new shares. The press release is not specific, but if it is a complete asset sale, Webstar probably won't be an ongoing concern. Why this technology is not be developed under Webstar is anyone guess, possibly to avoid SEC reporting costs.

[InvestaMista]

Has anyone seen what price the ECO shares will be? And since ECO is not public, what can we even do with them?

[CoalMinersGlove]

hmmm, interesting. Im curious to see what happens next. Hopefully we find out more soon :)

[iwondertoo]

That seems to be that date, what the date is that you have to own to receive the dividend I don't remember reading. It could be already passed.......maybe that whisper got out and that was the reason for the high volume.....someone wanting in on it

Went back, shareholders of record as of June 21

[CoalMinersGlove]

Ok, that's how it read to me as well. Well then that's some good news! So then by the 31st of July we should all have "x" amount of shares in this ECO as well as Webstar right?

[iwondertoo]

I do hope the electrical compression works. Although it's beyond my knowledge, and if we use 1/2 the electricity they'll probably double the rates....

[iwondertoo]

At the moment, it means that for every Webster share you own, as of a certain date(did it mention the date?), you will gain a share in another developing company. So, I guess that if this ever makes it through the birthing process, we could end up with twins. Lol hopefully they both survive and thrive.

[CoalMinersGlove]

So what does that all mean?

[iwondertoo]

Webstar Technology Group Inc. (WBSR) To Issue Stock As Dividend To Shareholders In Company That Is Positioned As A Player In The Emerging ECO Tech Market
Press Release | 06/18/2024
The Company Is Selling Certain Assets To A Private Company, Electrical Compression and Optimization, Incorporated ("Buyer") In Return For Shares In Buyer;

The Company Will Be Issuing Existing Shareholders Of Record As Of 5 PM June 21, 2024, Stock On A One 1-For-1 Basis Of Their Holdings, As A Dividend

JACKSONVILLE, FL / ACCESSWIRE / June 18, 2024 / Webstar Technology Group Inc. (OTCQB:WBSR), a software marketing and technology company that identifies, incubates and acquires exclusive rights to promising proprietary technology products and services and provides its shareholders access to participate in cutting edge technology opportunities, today announced it is entering into an Asset Purchase Agreement with a private company, Electrical Compression and Optimization, Incorporated, a Wyoming corporation ("ECO or Buyer") which will acquire certain of the Company's assets.

At the time of Closing of the Agreement, Buyer shall transfer to Seller Two Hundred One Million, Fifty-Seven Thousand Two Hundred Seventy-Eight Common Shares (201,057,278) through its transfer agent VStock Transfer LLC, to Seller for dividend distribution to Seller's common stock shareholders.

Electrical Compression and Optimization, Incorporated ("ECO") is a new company that is at the forefront of the emerging global Electrical Compression technology market.


Don Roberts, the CEO of the Company said: "Possible applications of the Enhanced Electrical Compression process could enable electric cars to double battery range and travel twice as far on a single charge (DC markets) and world-wide electrical consumption for homes and business (AC markets) could be reduced by 50% or more via the Electrical Compression and Optimization process."

He continued: "ECO will initially develop Phase One ofthe DC power module for extending battery life (twice as many miles traveled on same charge) of electric vehicles of all varieties of voltages and applications. Phase Two will focus on compressing AC Power for homes and businesses all over the world."

This process should be completed by July 31, 2024 through VStock Transfer.

[iwondertoo]

https://www.otcmarkets.com/stock/wbsr/overview

[CoalMinersGlove]

a lot of trading going on as of late. Is this ready to pop?

[iwondertoo]

I would imagine most of us have ideas, but, so far, nothing has actually happened. I have to remake my theory about the coma, though. I think this has been a long birth process, instead. Can't have a coma without actually having a life, first. It's just been a really long gestation period. Now, will it be stillborn or actually end up alive and kicking. LOL

Maybe it's Braxton-Hicks.....:

[Aimless Blade]

Anyone have any idea what that brief pop to .45 last Friday was all about?

[CoalMinersGlove]

I hope so too. I'm not going to get my hopes up until I read something direct from the Company. Its certainly nice to see a pulse.

[iwondertoo]

It almost seems like someone thinks this may be coming out of its long coma. Hopefully, they are right and we end up with a fully functional company and not just filings.

[CoalMinersGlove]

I mean, they're keeping up with their filings at least. That's got to be a good sign right?

[CoalMinersGlove]

lol. i hope that happens soon :)

[iwondertoo]

Now, something needed to bring it out of the coma. LOL Heartbeat still steady, not sure about the brainwaves, yet. :<)

[CoalMinersGlove]

They also recertified with otcqb, so I guess that's something

[iwondertoo]

Q filed. I guess it's still has a heartbeat

[iwondertoo]

FYI, new filing out

[surfguy]

Share price on the move up this week on high volume. Somebody seems anxious to shore up their position. No news that I can see.

[CoalMinersGlove]

lots of movement today, still no update on anything

[CoalMinersGlove]

I was thinking the same thing. I'd imagine they'd have to release something soon as to what the plan is moving forward. Nothing on their website has changed.

[iwondertoo]

LOL, I know how you feel, believe me. Still not holding my breath. Hopefully, there will be a filing soon to show it isn't a long term complication. Someone has to file for this to stay current, which is the only plus it has, at the moment.

[CoalMinersGlove]

That makes me feel a little better I suppose.

[SoccerFan1]

Have there been any lawsuits filed?

[w6w9t8015]

Should apply for a symbol.change scam

[grab]

Well, well, someone who knows from the inside and can confirm the company has nothing just all lies.
What technology? they have none, my opinion of course.With no proof. Bet Owens has no tech knowledge
nor experts working on it. bet the couldn't show nor produce their experts, all a sham. SHOW IT!
Pity about Hutch being treated like that. He is an upstanding straight shooting talented accountant.
Obviously hoodwinked by a brilliant accomplished con artist, probably one of the best. But then those
types are very good at what they do until it hits in, then all hell lets loose.
Good luck at clutching straws.

[iwondertoo]

Well, I contemplated that overnight and come to the conclusion that the only thing new it had in it was that he wasn't paid. Which I deplore, but if there isn't any income I guess it is to be expected. Other than that, he signed off on exactly what he would have signed in a 10K, so it was rather gratuitous. Webstar doesn't have income, which the 10K has said since the company was public, and there isn't any surety that the tech is marketable and this will become a profitable business. Which he also signed off in the previous 10K and Q's. And, if he felt unable to say that in a 10K, why could he state it in a resignation letter? Curious.

So, we still sit and see, and most of us, if we have stock, it isn't tradeable, anyway, so...........